The finance ministry placed a 10.5-year bond, which the ECB will use as a benchmark for calculating the harmonised long-term interest rate used as a Maastricht criterion. The yield reached 5.35% as compared to 5.49% reached at a similar tender a year earlier. The ministry offered for sale bonds in the amount of BGN 50mn (EUR 25.6mn) and the subscription rate reached 2.73. Pension funds accounted for 49% of the purchases, while the banks and the insurance companies shares were 35% and 10%, respectively. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more